Free Site Registration

Sales and Trading Job Losses Expected At Deutsche Bank

Traders Magazine, November 2004

Peter Chapman

Analysts expect layoffs in Deutsche Bank's equities sales and trading arm in the wake of a major restructuring. The large bank, as part of a broader revamp, folded its equities businesses into the group responsible for sales and trading of fixed income securities, foreign exchange and commodities. The consolidation is expected to save the bank e500 million per year. "We see potential for cost reduction as a result of closer integration between those two areas," states J.P. Morgan Securities analyst Kian Abouhossein. "A material part of the restructuring burden will fall onto the equity sales and trading franchise."

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?